Latin American businessman’s firm buys Key Biscayne mansion for $12M

Latin American businessman’s firm buys Key Biscayne mansion for $12M

A waterfront mansion in Key Biscayne was purchased for $12 million by a company headed by a businessman from Peru, according to county records.

Eduardo Barco Canal , a partner at Miami-based investment advisory firm BigSur Partners, and his ex-wife, Angela Maria Tafur De Barco , sold the 6,985-square-foot home at 890 Harbor Drive. The buyer was Harbor Sunset LLC, which listed its managing member on the mortgage as Pedro Manuel Juan Brescia Moreyra , the chairman of Lima, Peru-based industrial manufacturing firm Futura Consorcio Inmobiliario. Miami-based International Finance Bank provided the $4.5 million loan, which stated it was for a second home.

The price equated to $1,718 a square foot.

Brigitte Nachtigall with Great Properties represented the seller, while the buyer worked with Giulietta Ulloa of Berkshire Hathaway HomeServices EWM Realty, who is now listing the home for rent on behalf of the new owner for $60,000 a month.

Ulloa said her buyer, who she would not identify, plans to remodel the home and rent it out in the meantime. The buyer loves the waterfront location for boating, she said.

The home last traded for $7.5 million in 2012, so it gained in value amid the flurry of luxury home sales in Miami-Dade County. Key Biscayne is one of the most expensive ZIP codes in Florida and has a population of about 12,900.

The home was built on the 16,900-square-foot site in 1982 and was expanded in 2004.

It features six bedrooms, six bathrooms, a pool, several balconies, a dock, an atrium, and a wine cellar.

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